Money Laundering
Chinese man extradited for role in $36 million cryptocurrency scam
A Chinese national was arraigned in California after being extradited from the Netherlands for his alleged involvement in a cryptocurrency investment scam that stole nearly $37 million from 174 victims in the United States. In these fraud schemes (also known as pig butchering or romance baiting scams), cybercriminals contact targets through social media, dating sites, […]
Man admits to running network of 15,000 money mules for cybercriminals
A Ukrainian-Russian dual citizen has pleaded guilty to running a massive money laundering operation that laundered millions for cybercriminals worldwide. 42-year-old Oleg Korniev was one of the leaders of Your Mule Cashout (YMCO), a criminal organization that has operated since September 2007 and used more than 15,000 money mules from the United States. Four other […]
Uranium crypto exchange hacker convicted for stealing $53 million
A Maryland man was found guilty of stealing more than $53 million after hacking the decentralized crypto exchange Uranium Finance twice in April 2021. 36-year-old Jonathan Spalletta (also known online as “Jspalletta” and “Cthulhon”) surrendered to law enforcement on March 30 and was charged with computer fraud and money laundering. According to court documents, Spalletta […]
Vietnamese man charged in $16 million ‘pig butchering’ crypto scam
A Vietnamese national was charged with money laundering for his role in a massive “pig butchering” scam, which defrauded a victim out of $16 million worth of cryptocurrency. 37-year-old Trung Nguyen Van entered the United States through the San Ysidro, California / Mexico pedestrian border entry point on September 22 and was arrested before boarding […]
Suspected Black Axe gang leaders face cybercrime charges in the US
Five alleged leaders of the Black Axe cybercrime syndicate, known for its involvement in global-scale cyber-enabled financial fraud, have been extradited to the United States to face wire fraud and money laundering charges. Defendants Perry Osagiede, Franklyn Osagiede, Osariemen Clement, Collins Otughwor, and Musa Mudashiru have been indicted for coordinating a large-scale internet fraud campaign […]
US charges two over laundering $43 million from investment fraud
U.S. prosecutors on Thursday charged a New York man and woman for their roles in a large-scale crime ring that laundered money stolen in cyber investment fraud scams. 27-year-old Zhuoying Chen and 38-year-old Haojie Zhang allegedly managed a network of over a dozen people based in Queens and Brooklyn between 2020 and 2022. Chen and […]
Spanish Police take down €140 million cyber fraud ring, arrest four
The Spanish Police dismantled a cybercrime and money-laundering organization that made €140 million ($160 million) from investment fraud and business email compromise (BEC) attacks. As part of the law enforcement operation, four people were arrested in Spain, Portugal, and Panama. The police describe the operation as an industrial-level scheme as it involved at least 800 […]
Money launderer accused of stealing seized crypto while in prison
A Bulgarian national has been charged with stealing $290,000 in government-seized cryptocurrency while serving 121 months in prison for helping launder millions stolen from American fraud victims. 53-year-old Rossen G. Iossifov appeared in federal court in the Eastern District of Kentucky this Wednesday on charges of removal of property to prevent seizure and conspiracy to […]
US charges suspected Dream Market admin arrested in Germany
The alleged main administrator of Dream Market Incognito Market, one of the largest dark web marketplaces before its shutdown, has been indicted in the United States on money laundering charges. 49-year-old Owe Martin Andresen was charged by a federal grand jury on Wednesday with six counts of international concealment money laundering and six counts of […]
Money launderer linked to $230M crypto heist gets 70 months in prison
22-year-old Evan Tangeman of Newport Beach, California, was sentenced to 70 months in prison for laundering funds stolen in a massive $230 million cryptocurrency heist. According to court documents, Tangeman (also known as “E,” “Tate,” and “Evan|Exchanger”) helped the suspects behind the crypto-heist launder at least $3.5 million between October 2023 and May 2025. Fourteen suspects […]